par value and market value are unkown

4. Record the journal entries for the following facts a. 500 shares of common stock outstanding b. 500 shares of cumulative preferred stock outstanding, dividend $2 c. 500 shares of non-cumulative preferred stock outstanding, dividend $2 d. The common shareholders received dividends two years ago e. There were no dividends paid last year f. S5,000 of dividends were declared for the current year